open an account
Span Margin
Refer A Friend
open an account

Coronavirus impact: Hikes, bonuses on the block as IT firms get ready for slump

image Bengaluru: India’s IT services companies may freeze pay hikes and cut bonuses to deal with the business slowdown sparked by shutdowns due to the Covid-19 outbreak globally, replicating moves made during the US financial crisis over a decade ago, senior executives and analysts told ET.

“Bonus, variable pay or any increment is right now on hold,” C P Gurnani, CEO of Tech MahindraNSE 6.04 %, told ET. “At this stage, most of the world is addressing their first priority: keeping people safe” ..

Read more at: